President Trump Previews Implementation Of Reciprocal Tariffs On April 2nd

3 days ago

At a press event on Monday, President Donald Trump was asked about tariffs.

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Transcript

00:00You announced earlier today, sir, that it's 25 percent for any country that does business

00:04in Venezuela.

00:05That's right.

00:06If they buy their oil from Venezuela, they have to pay a 25 percent tariff to do business

00:11with the United States.

00:12Is that on top of existing tariffs?

00:13So, for example, China bought a lot of oil.

00:14Yes, that would be on top of existing.

00:15That's 45 percent tariffs on China next week.

00:16That's on top of existing tariffs, yes.

00:17And so, also, next week, April 2nd, as you said, Liberation Day.

00:18Is that going to be sector tariffs as well as reciprocal tariffs?

00:19It's going to be a lot of tariffs.

00:20It's going to be a lot of tariffs.

00:21It's going to be a lot of tariffs.

00:22It's going to be a lot of tariffs.

00:23It's going to be a lot of tariffs.

00:25a lot of tariffs.

00:30Yeah.

00:31It's going to be everything.

00:32But not all tariffs are included that day.

00:33For instance, we're doing some — as you know, we have already done steel and aluminum.

00:39And that's at a 25 percent level.

00:41And we are going to be doing automobiles, which you've known about for a long time.

00:44We will be announcing that fairly soon, over the next few days, probably.

00:49And then April 2nd comes.

00:51That'll be reciprocal tariffs.

00:53But we may take less than what they're charging, because they've charged us so much, I don't

00:57think they could take it.

00:58In other words, they've charged us so much that I'm embarrassed to charge them what they've

01:03charged us.

01:04But it'll be substantial.

01:06And you'll be hearing about that on April 2nd.

01:08And it will be Liberation Day, because we'll be taking in large amounts of money for our

01:13country.

01:14And that's lower taxes and all of the things that are good.

01:17And jobs.

01:18A lot of jobs.

President Trump Previews Implementation Of Reciprocal Tariffs On April 2nd

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